Wilbur Ross has a Special Purpose Acquisition Corp (“SPAC”) set to expire this year if he doesn’t do a deal in H1 2016. The units trade under WLRH, warrants under WLRHW and the units + 1/2 a share of warrants under WLRHU.
Here’s some background & analysis on the SPAC
& the original prospectus
Like most SPACs, if there is no deal, your money is returned. At the moment, the cash value is close to $10 which is exactly where the WLRH units have been trading. So worst case, you get your money back + a refund of the underwriting fees (unusual but good). Best case, Wilbur Ross does something clever in the energy sector and it’s worth more…… Dare I say, a cheap option?
Candid & Curious 